Jobless claims hit five-month low despite Fed's efforts to slow labor market

US weekly jobless claims hit 5-month low; economic picture darkening

The Federal Reserve wants to cool labor demand in order to bring inflation down to its 2% target. The oversized rate hikes are heightening recession risks.

Fewer people seek U.S. unemployment aid amid solid hiring

It's a sign that few companies are cutting jobs despite high inflation and a weak economy.

US Jobless Claims Fall Unexpectedly to Lowest Since Late April - BNN Bloomberg

Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty.

US jobless claims fall unexpectedly to lowest since late April - The Boston Globe

In Massachusetts, about 3,677 individuals filed new claims for unemployment benefits last week, up 2,497 from the week prior, according to the Labor Department.

Jobless Claims Fall to Six-Month Low

"Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty," Bloomberg reports.

Latest jobless claims fall to 193,000, underscoring still-tight labor market

By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits dropped considerably last week, underscoring how employers are holding on tightly to workers as the labor market remains full of opportunities for job hunters. Initial claims for unemployment insurance were 193,000 for the week ended September 24, down 16,000 from a downwardly